The global recession count down started already. Strategist says perhaps less than 24 months when recession is in full swing. They produced some very convincing data from past decades. The market will rally first. This time it can be as much as +15% stock rise before corporate bond rating tanks. Corporate spending is already slowing down due to Trade War. If the consumer spending slows down that is a clear sign we are in recession.
Unlike the Great Recession started with Lehman Brother, lender subprime mortgage the lenders are more selective in whom and what they wish to lend today. The insurances imposed on borrowers for lower downpayments can reduce the amount of real estate defaults. However, many Americans live on check to check and will not be able to pay back on borrowing. There will be job loss. Please watch this recent clip from CNBC.
What are your thoughts what home owners need to do and how are going to coup with something we do not have much control?
Sam Shueh (408) 425-1601
Silicon Valley Realtor
Sam Shueh Realtor
I've called San Francisco South Bay home for over many years. We love this area and all it has to offer, and I enjoy sharing what I know about homes. I documented in several books about Silicon Valley history. I have much expertise in real estate...please give me a call.
Silicon Valley Realtor Sam Shueh Website (Four-O-Eight) 425-1601